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Recovery possible for SA, sub-Saharan truck markets, says UD Trucks

By: Irma Venter     Updated 7 hours ago Both the South African and sub-Saharan African (SSA) new-truck markets should see growth this year, following a tough 2016, says UD Trucks Southern Africa (UDTSA) marketing director Rory Schulz. The South African new truck market, including exports from South Africa into Africa, declined by 11%,... 

Recovery possible for SA, sub-Saharan truck markets, says UD Trucks

A400M reportedly wins second export order

By: Keith Campbell     Updated 6 hours ago French aerospace journal “Air et Cosmos” and British defence media group Jane’s have both reported that the Indonesian government has approved the purchase of five Airbus A400M military airlifter aircraft. Both cite local Indonesian media as the source of the information. According to the French... 

A400M reportedly wins second export order
Photo by Airbus
An Airbus A400M

Local light passenger and utility aircraft programme taking off

By: Keith Campbell     20th January 2017 Wonderboom Airport, in Pretoria (within the Tshwane metropolitan municipality), is the nest within which a fledgling civilian aircraft manufac- turing company is developing. Based in the airport’s Hangar 1, Falcon Air has developed and is producing its Falcon 402 general aviation aircraft, albeit... 

Local light passenger and utility aircraft programme taking off

Eskom acknowledges payment extension decision for defaulting municipalities

By: Megan van Wyngaardt     20th January 2017 Eskom has welcomed Public Enterprises Minister Lynne Brown’s decision to grant municipalities until the end of January to settle their arrear debt with the power utility. Brown on Thursday instructed the parastatal to allow municipalities until January 31 to settle arrears before switching off... 

AfriForum to take legal action against defaulting municipalities

By: Megan van Wyngaardt     Updated 4 hours ago Civil rights organisation AfriForum on Friday said it would call on the National Energy Regulator of South Africa (Nersa) to withdraw the licences of municipalities that have defaulted on their payments to power provider Eskom. “[We will be approaching] the courts in terms of the protection of... 

AfriForum to take legal action against defaulting municipalities

Guptas lambast Gordhan in court papers

By: African News Agency      Updated 4 hours ago Oakbay Investments, the company owned by the wealthy Gupta family, on Friday lambasted Finance Minister Pravin Gordhan’s court application seeking a court order enforcing his decision not to intervene in the debacle relating to the South African banks that cut links with the controversial family.... 

Guptas lambast Gordhan in court papers
Photo by Reuters
Finance Minister Pravin Gordhan

Esor to raise R37.5m in rights offer

By: Anine Kilian     Updated 7 hours ago JSE-listed Esor intends to raise up to R37.54-million in a rights offer to qualifying shareholders. Qualifying shareholders are being offered the right to acquire 25 shares for every 100 Esor shares held on the record date. Some 98.8-million shares will be on offer at 38c apiece. 

NWU business school secures five-year MBA accreditation

By: Natasha Odendaal     20th January 2017 North-West University (NWU) School of Business and Governance (SBG) has secured a five-year international accreditation for its new MBA degree programme from the London-based Association of MBAs (AMBA). The five-year accreditation period, the longest period of endorsement for an MBA degree... 

Operation Phakisa making strides in ICT in education

By: Natasha Odendaal     Updated 7 hours ago Progress is being made in the implementation of the Information and Communications Technology (ICT) in Education segment of South Africa’s Operation Phakisa, the Department of Planning, Monitoring and Evaluation (DPME) said on Friday. Implemented by the Department of Basic Education (DBE) in... 

Operation Phakisa making strides in ICT in education

Alexander Forbes secures shareholder approval for ARC’s 10% acquisition

By: Natasha Odendaal     Updated 3 hours ago JSE-listed specialised financial services group Alexander Forbes Group’s shareholders on Friday approved African Rainbow Capital’s (ARC’s) acquisition of a 10% stake in its African operations for R753.45-million, with net proceeds of R678.1-million to be settled in cash. The strategic empowerment... 

Wine industry under pressure amid subdued economy

By: Megan van Wyngaardt     Updated 3 hours ago While the local wine market has grown more than 14%, or by 50-million litres, over the past two years, to more than 400-million litres at the end of December, continued pressure on the local economy could hamper the industry’s future growth. The wine industry is currently in a slump, with only... 

Wine industry under pressure amid subdued economy

Grain SA cautiously optimistic on 2017 maize crop

By: Anine Kilian     Updated 3 hours ago Grain farmers are grateful for the turnaround in general conditions following the severe drought South Africa experienced last year; however, the perception that all problems are now solved is premature, says Grain South Africa (SA) chairperson Jaco Minnaar. He notes that although the outlook for... 

Imperial Logistics establishes new business in Ghana

By: Anine Kilian     20th January 2017 Supply chain and logistics company Imperial Logistics has partnered with Ghanaian conglomerate LMI Holdings to form a new business Imperial LMI Logistics to provide logistics services in Ghana and the rest of West Africa.   “The vision of Imperial LMI is to be an integrated, end-to-end supply... 

Adcock Ingram expects substantial increase in interim earnings

By: Megan van Wyngaardt     20th January 2017 Pharmaceuticals company Adcock Ingram expects its earnings per share (EPS) for the six-month period to December 31, 2016, to be at least 60% higher than the comparative period of 2015. The company noted that the 60c-a-share increase from the EPS of 99.6c reported in the prior year came on the... 

EU grants Zambia $69m for energy projects

By: Reuters     20th January 2017 The European Union (EU) has given Zambia about $69-million to expand electricity supply in the continent's second biggest copper producer, which faces a power deficit that has hit mining and agriculture. In a statement, the EU said the grant would fund projects to provide access to reliable and... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      20th January 2017 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Platinum price upturn needed to sustain industry – Lonmin 

By: Martin Creamer     Updated 2 hours 14 minutes ago An upturn in the platinum price is needed for the sustainability of the platinum industry as a whole, Lonmin CEO Ben Magara said on Friday. The head of the large London- and Johannesburg-listed platinum mining company said that although there had been a slight price recovery since November and... 

Lonmin CEO Ben Magara points out the unsustainability of the current low platinum price at a media conference covered Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Ramaphosa hopeful Trump will have ‘positive disposition’ to Africa

By: African News Agency      20th January 2017 On the eve of Donald Trump’s inauguration as President of the United States, South Africa Deputy President Cyril Ramaphosa said he was hopeful the US leader would have a “positive disposition” towards Africa and South Africa. “He is going to be inaugurated tomorrow and clearly he is going to be... 

Ramaphosa concludes ‘productive’ visit to Davos

By: African News Agency      20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

Cape Town may be upgraded to tougher water restrictions

By: News24Wire      20th January 2017 On Thursday the City of Cape Town's mayoral committee requested that council implement more severe water restrictions at its sitting next week. The mayoral committee proposed a plan to upgrade the current Level 3 water restrictions to Level 3B because of diminishing dam levels and unnecessary... 

Owners of other Ford models join complaints over burning vehicles

By: News24Wire      20th January 2017 Owners of other models of the Ford Kuga  say their vehicles have also caught fire, challenging the vehicle manufacturer's claims that only one version of the car has a fault that could result in it bursting into flames. The National Consumer Commission (NCC) on Thursday confirmed it had received... 

Eskom ordered to halt power cuts to towns 

By: Reuters     19th January 2017 South African power utility Eskom has been instructed to allow municipalities until January 31 to settle arrears before switching off lights, a Cabinet Minister said on Wednesday. Public Enterprises Minister Lynne Brown said halting electricity supply to towns, who collectively owed more than... 

Eskom ordered to halt power cuts to towns
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Atterbury progressing with Pretoria legal hub development

By: Megan van Wyngaardt     19th January 2017 Property developers Atterbury are progressing with the development of a 6 000 m2 urban office precinct, aimed at legal practitioners. The Club Advocates’ Chambers, near Menlo Park, in Pretoria, will offer office space for around 120 advocates, with the option of sectional title ownership. 

Atterbury progressing with Pretoria legal hub development

Construction under way at 7.5 MW Burundi solar park

By: Megan van Wyngaardt     19th January 2017 Solar and social development enterprise Gigawatt Global on Wednesday broke ground on a 7.5 MW solar field that will boost Burundi’s electricity generation capacity. The $14-million project is being built in the Mubuga district, in one of the world's least-developed nations and is expected to be... 

Construction under way at 7.5 MW Burundi solar park

Polish consumer watchdog launches proceedings against Volkswagen 

By: Reuters     19th January 2017 Poland's consumer protection watchdog on Thursday said it had initiated proceedings against Volkswagen for misleading customers over emissions, a step which could result in a fine of up to 10 percent of Volkswagen's local turnover. "The proceedings may also end with the adoption of a commitment... 

Eskom, IPP deadlock on renewables PPAs coming to a head 

     19th January 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the impasse between Eskom and renewables IPPs on the signing of power purchase agreements. 

Eskom, IPP deadlock on renewables PPAs coming to a head

Cybercrime Bill to be tabled in Parliament

By: Anine Kilian     19th January 2017 The Cybercrime and Cybersecurity Bill is set to be tabled in Parliament soon. The Bill, which was approved by Cabinet in December, is necessary for building safer communities as envisaged in the National Development Plan, Justice and Constitutional Development Deputy Minister John Jeffery said on... 

Airlink continues fleet modernisation and growth programme with Embraer 

By: Keith Campbell     19th January 2017 South African private-sector airline Airlink and Brazilian aircraft manufacturer Embraer jointly announced on Thursday that the carrier was leasing five of the manufacturer’s E-Jet family airliners. The aircraft, three E170s and two E190s, will be obtained from ECC Leasing, which is a... 

Airlink continues fleet modernisation and growth programme with Embraer
Photo by Embraer
An Embraer E190 of Airlink

Competition Commission prohibits cardboard manufacturers’ merger

By: Megan van Wyngaardt     19th January 2017 The Competition Commission has prohibited packaging manufacturer Corruseal’s proposed acquisition of Boxlee and Pride Pak, as it is likely to substantially prevent or lessen competition. Corruseal owns varying interests in several businesses, most of which operate in the industry for the... 

The Pretoria-based Falcon 402 aircraft programme 

     19th January 2017 Falcon Air, based at Wonderboom Airport in Pretoria, has developed and is producing the Falcon 402 single-engined passenger and utility aircraft. Keith Campbell reports. 

The Pretoria-based Falcon 402 aircraft programme

Denel meeting mine-resistant vehicle contract from Namibia

By: Keith Campbell     19th January 2017 South African defence group Denel reported on Thursday that its subsidiary, Denel Vehicle Systems, was on track to complete an export order to Namibia by the end of March. The order is for eight RG32M vehicles and four Self Defence Remotely Operated Weapon (SDROW) stations. The group described... 

Denel meeting mine-resistant vehicle contract from Namibia
Photo by Duane Daws/Creamer Media
An RG32M

Zimbabwe tax agency says misses 2016 revenue target due to weak economy

By: Reuters     19th January 2017 Zimbabwe's tax agency Zimra said on Thursday it failed to meet its 2016 revenue target by 4%, as the economy stalled and weak global commodity prices hit mineral royalties. The southern African nation's economy stagnated last year while its budget deficit exploded, putting political pressure on... 

Second Nigerian tomato paste plant shuts, in embarrassment for Buhari

By: Reuters     19th January 2017 Africa's richest man Aliko Dangote has shut his new tomato paste plant in Nigeria due to a shortage of dollars needed to import raw materials, a senior executive said, the second such closure in months in a blow to official plans to diversify the economy. President Muhammadu Buhari, elected in... 

Consumers will find relief in maize, chicken prices; red meat prices to rise

By: Megan van Wyngaardt     19th January 2017 Maize production in the current season, which ends in April, is estimated to reach more than 12-million tonnes, up from the 7.5-million tonnes in the previous season, which could bring some relief to consumers. “The good rainfalls South Africa has experienced since October last year has restored... 

Consumers will find relief in maize, chicken prices; red meat prices to rise

Eskom continues with supply interruptions in North West

By: Megan van Wyngaardt     19th January 2017 Eskom on Thursday said that unless defaulting municipalities meet its requirements of cash payments as negotiated, a written undertaking in the form of a council resolution that current accounts will be honoured going forward, and a payment plan for the arrears, it will continue to interrupt bulk... 

South Africa growth ticking up, Mexico slowing – S&P

By: Reuters     19th January 2017 South Africa should avoid falling into recession this year, the chief economist of Standard & Poor's said on Wednesday, but the firm has cut its forecasts for Mexico amid rising concerns over its trade ties with the United States under Donald Trump. Paul Sheard, who is not involved in deciding... 

South Africa growth ticking up, Mexico slowing – S&P

Atlas Copco to sell road construction business

By: Reuters     19th January 2017 Mining gear and compressor maker Atlas Copco will sell its road construction equipment business to French industrial and construction company Fayat Group, it said on Thursday, booking a loss of about 2-billion Swedish crowns ($225-million). Atlas announced plans a week ago to sell the business,... 

KPMG highlights ten trends that will shape the infrastructure industry in the year ahead

By: Megan van Wyngaardt     19th January 2017 Ten global trends, many of which underscore a drive for more responsible leadership, both from the public and private sectors, will shape the development of infrastructure in the year ahead, the 2017 ‘Emerging Trends in Infrastructure’ report from KPMG International reveals. “Political agendas... 

KPMG highlights ten trends that will shape the infrastructure industry in the year ahead

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Eskom, IPP deadlock on renewables PPAs coming to a head

The Pretoria-based Falcon 402 aircraft programme

Investment key to raising South Africa’s lagging growth potential – World Bank

Organic growth in local companies to boost employment, but scarce skills a concern – PwC

Ford South Africa recalls Kuga model

Draft new built environment regulations to be completed by financial year-end – Nxesi

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